DUSHANBE, October16, 2015, Asia-Plus – First Deputy Head of the National Bank of Tajikistan (NBT), Jamoliddin Nouraliyev, on October 15 met here with representatives of a number of foreign banks and international financial institutions.
According to the NBT press service, Nouraliyev’s meeting with Thomas Engelhard, Chairman of the Supervisory Board of AccessBank, focused on state and prospects of further expansion of cooperation between Tajikistan and AccessBank.
They reportedly discussed issues related to improvement of activities of AccessBank’s branch in Tajikistan, training of local personnel for the branch, professional development of its personnel and prevention of money-laundering.
Udo Schendlel, Head of AccessBank Tajikistan, also attended the meeting.
AccessBank Tajikistan is one of the leading providers of microfinance services in the country. With a growing branch network and experienced staff, the bank now serves more than 10,000 customers. Founded by the European Bank for Reconstruction and Development (EBRD), International Finance Corporation (IFC), German Development Bank (KfW) and AccessHolding in 2009, AccessBank Tajikistan began officially operating in April 2010. The main activity of the bank is lending to micro, small and medium-sized businesses.
Mr. Nouraliyev and Mr. Moazzam Mekan, Regional Manager for Central Asia at the International Finance Corporation (IFC), discussed state and prospects of cooperation between Tajikistan and IFC.
Nouraliyev, in particular, noted that Tajikistan seeks to expand cooperation with IFC in the fields of agricultural trade and services as well as creation of the secondary security market in Tajikistan, the NBT press center says.
Tajikistan became a member of IFC in 1994. IFC, with its focus on private sector development, has an important role to play in supporting inclusive growth and job creation in Tajikistan. IFC works with private sector clients, government, and civil society to bring global expertise to Tajikistan through its advisory services and investment projects. As of June 30, 2014, IFC’s committed portfolio stood at $60 million, which includes investments in financial markets and agribusiness sector.
On the same day, the first deputy head of Tajik central bank received the World Bank team on implementation of the health care improvement projects in Tajikistan.
The two sides reportedly discussed issues related to high-performance and timely implementation of these projects.
The World Bank’s active portfolio in Tajikistan includes 24 projects (including regional projects and Trust Funds) with a net commitment of US$ 383 million that aim to support economic growth through private sector development, while investing in better public services for people, such as education, health, municipal services and social protection.
